Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Wealth manager St James’s Place has announced a £426mn provision for potential client refunds and slashed its dividend, sending shares in the group down almost a third in early trading on Wednesday. The group said
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This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. Here at Unhedged we get a fair amount of mail from readers who think we are wrong. It doesn’t often come from the chief executive of a company we’ve
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In less than two years, French President Emmanuel Macron has gone from would-be peacemaker with Vladimir Putin to one of Europe’s most hawkish voices on Russia and the generational threat it poses to the region’s
Stay informed with free updates Simply sign up to the Politics myFT Digest — delivered directly to your inbox. The elections taking place around the world this year are some of the most consequential in modern history — and yet they somehow have all the appeal of a contest for student council president. For these
Stay informed with free updates Simply sign up to the Science myFT Digest — delivered directly to your inbox. The writer is a science commentator Should a corporate figure hold the purse strings for publicly funded UK science? The idea has emerged after Dame Ottoline Leyser said she would step down in 2025 as chief
Vladimir Putin’s forces have rehearsed using tactical nuclear weapons at an early stage of conflict with a major world power, according to leaked Russian military files that include training scenarios for an invasion by China. The classified papers, seen by the Financial Times, describe a threshold for using tactical nuclear weapons that is lower than
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Neil Shen, China’s most prominent technology investor, acquired permanent residency in Singapore as tensions rose between Washington and Beijing, according to two people familiar with the matter. The billionaire founder of Sequoia China, renowned for
England’s town halls are being “forced to the pawnshop” in an unsustainable fire sale of assets aimed at temporarily staving off bankruptcy, councils and experts have warned. Local authorities are preparing to sell off hundreds of millions of pounds’ worth of land and buildings as a long-term funding squeeze shows no sign of being alleviated
Beyond Meat shares doubled in extended trade after the meat-free burger maker promised “steep” cuts to its operating costs in 2024 and to charge more for its plant-based products. Shares of the company, which are highly shorted, briefly doubled in after-hours trading on Tuesday to a six-month high, before cooling to a gain of about
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Apple has cancelled its efforts to build an electric car as it pivots to focus research funding on generative artificial intelligence, according to a person familiar with the matter. Known as “Project Titan”, Apple’s electric
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thames Water is lobbying the government and industry regulator Ofwat to let it increase bills, pay dividends and face lower fines as it seeks to avoid a potential multibillion-pound taxpayer bailout. Britain’s largest water monopoly
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A public spat between the ousted chair of the Post Office and the UK government descended into further mudslinging on Tuesday after he claimed the state-owned company’s boss was under investigation for misconduct. Henry Staunton
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Joe Biden is facing an electoral test in Michigan on Tuesday as a group of voters in his Democratic party use a primary election to register their anger at his support for Israel in its
Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. US President Joe Biden and top congressional Democrats piled pressure on Republican Speaker of the House Mike Johnson to sign on to more US aid for Ukraine in a rare White House meeting
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. McKinsey claimed in marketing materials that it had advised the Chinese central government on boosting domestic consumption and reforming healthcare policy, raising fresh questions over the consulting firm’s denial that it ever worked for Beijing.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The S&P 500’s record-breaking start to the year was followed last week by the Stoxx Europe 600, which hit an all-time high and surpassed its previous peak in January 2022. Stock watchers are used to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Goldman Sachs chief executive David Solomon has warned investors not to get too confident that the Federal Reserve can engineer a “soft landing” for the US economy in its battle to tame inflation. Speaking at
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Carlyle Group has hired Jeff Currie, the former Goldman Sachs global head of commodities research who predicted a mid-2000s boom in oil prices, to help the US private capital group invest behind big trends in
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The number of international students taking up postgraduate places at UK universities has fallen sharply, according to commercial data that sparked further warnings about the financial health of the higher education sector. The figures from
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Germany’s deputy chancellor said there was “no chance” of sending ground troops to Ukraine and, in a rebuff to France, told Paris it should instead supply Kyiv with more weapons. Robert Habeck rejected French
Stay informed with free updates Simply sign up to the Russian politics myFT Digest — delivered directly to your inbox. Russia has sentenced a prominent human rights activist to two-and-a-half years in prison, in the latest sign of President Vladimir Putin’s increasingly brutal crackdown on critics of his regime. Oleg Orlov, head of the banned